KSS Fuels achieves record first half year revenues and earnings, successfully integrates acquisition of MPSI
Florham Park, NJ - February 7, 2012
KSS Fuels announced today that the acceleration of new business wins and the successful integration of a major acquisition fueled record revenues and earnings for the first half of its fiscal year.
The record performance in the period ending December 31, 2011, reflected strong sales gains in each of the company’s core markets – North America, Europe, Japan, Australia and South Africa. The results were further enhanced by extended product offerings from the recently acquired MPSI (Market Planning Solutions Inc).
Chief Executive Officer Bob Stein said both revenues and earnings grew more than 90 percent over the previous year same period.
“This is truly gratifying to have a record performance so soon after a major acquisition and integration of two companies,” said Stein. “Our outstanding results are a testament to a committed customer-focused staff as well as appreciation from our customers of the value that we bring to their businesses in using our pricing, retail network planning tools and industry knowledgeable services to improve processes and decision making, thereby increasing profitability.”
KSS Fuels now has over 400 customers in 80 countries. In addition to its core markets, the company is pursuing growth opportunities in India, Southeast Asia, China and Brazil.
Building upon the recognized strengths of KSS Fuels and MPSI, the combined company provides leading solutions in fuels pricing and retail network planning to petroleum retailers worldwide. KSS Fuels has a complete offering to meet the demands and challenges of pricing in volatile markets, including those preparing for price deregulation and support for strategic decisions regarding where to grow and expand retail networks.
“I am very proud of our employees’ efforts these past several months to successfully integrate two great companies,” said Stein. “We are positioned very well to continue bringing value to our global customer base and achieve significant growth.”
ABOUT KALIBRATE TECHNOLOGIES
Kalibrate (formerly KSS Fuels) is the only global provider of fuels pricing and retail location intelligence, helping retailers fine-tune decisions to deliver on performance goals. Its proven software, analytics and consulting solutions draw on more than 20 years of expertise and insight into the needs and opportunities of petroleum retailers. Kalibrate has headquarters in Manchester, United Kingdom and Florham Park, New Jersey. The company also has a Center of Excellence in Tulsa, Oklahoma and sales operations in Florida, Illinois, Ohio, Texas, Canada, Brazil, China, India, Japan, Korea and Africa. For more information about Kalibrate, please visit Kalibrate.com.